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July 14, 2009

DealerTrack Adds Free ‘ID Alerts’ to Its Credit Application Network

Software provider DealerTrack Inc. today announced the addition of “ID Alerts,” a free enhancement to its credit application network that will help dealers reduce the risk of identity theft and fraud by flagging abnormal patterns in credit applications.

Tags: DEALERTRACK, identity theft, Red Flags Rule

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Red Flag Basics

  • The Red Flag Rule - Dealers will need to know how to react when a red flag is raised, and will have to document each situation.
  • F&I Red Flags 101 - A Red Flag is a pattern, practice or specific activity that indicates the possible existence of identity theft.
  • Regulators and the Red Flag Rule - Red Flag Compliance will require a combination of dealer-created procedures, legal counsel and technology.

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